OpenYield Markets Podcast

OpenYield Markets Podcast
Podcast Description
The OpenYield Markets Podcast is where industry experts, thought leaders, and innovators come together to discuss the latest trends, challenges, and advancements in the fixed-income market. It provides insightful commentary on financial technology, trading strategies, and market dynamics, offering listeners valuable perspectives on how the landscape is evolving.
Podcast Insights
Content Themes
The podcast focuses on fixed-income market trends, trading strategies, financial technology innovations, and liquidity dynamics, with episodes examining topics such as the impact of tariffs on credit markets, the rise of quantitative strategies in municipal bonds, and the automation of fixed income trading.

The OpenYield Markets Podcast is where industry experts, thought leaders, and innovators come together to discuss the latest trends, challenges, and advancements in the fixed-income market. It provides insightful commentary on financial technology, trading strategies, and market dynamics, offering listeners valuable perspectives on how the landscape is evolving.
In this episode of The OpenYield Markets Podcast, host Mark Hebert sits down with Miguel Jaques and Daniel Dyulgerski, co-founders of Terrapin, a Scotland-based startup rethinking how reference data is built and delivered in fixed income markets.
With backgrounds spanning multi-asset portfolio management and machine learning research, the Terrapin founders explain how they’re using fine-tuned LLMs, rigorous OCR pipelines, and automated QA to achieve ~99% automation in extracting and maintaining municipal bond reference data. Together, they explore:
- What “reference data” actually means and why it underpins analytics, settlement, and trading
- Why Muni bonds, with their scale and complexity, became the perfect use case for AI
- How incumbents still rely on armies of manual typists—and why automation changes the cost base
- Building infrastructure that keeps LLMs accurate at scale
- Why flexible APIs, fast feature rollouts, and lower costs win clients from Goliaths
🔔 Subscribe for more episodes to gain insights from leaders shaping the future of fixed income trading.

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